\begin{tabular*}{\textwidth}{@{\extracolsep{\fill}}lc*{7}{D..{4.2}}}
    \toprule
    \gmc{1}{l}{\textbf{Variables}} & \gmc{1}{c}{\textbf{N}} & \gmc{1}{c}{\textbf{Mean}} & \gmc{1}{c}{\textbf{SD}} & \gmc{1}{c}{\textbf{P1}} & \gmc{1}{c}{\textbf{P25}} & \gmc{1}{c}{\textbf{P50}} & \gmc{1}{c}{\textbf{P75}} & \gmc{1}{c}{\textbf{P99}} \\\midrule
        CC &    22,968 &         0.12 &       0.23 &       0.00 &        0.02 &        0.05 &        0.13 &        0.94 \\
        MV &    22,968 &      1015.04 &    4323.21 &       1.09 &       20.29 &       82.83 &      393.92 &    19628.09 \\
        AGE &    22,968 &        15.96 &      12.77 &       2.00 &        6.00 &       12.00 &       22.00 &       56.00 \\
        SG &    22,968 &         0.16 &       0.46 &      -0.54 &       -0.05 &        0.08 &        0.25 &        2.08 \\
        CAP &    22,968 &         0.23 &       0.16 &       0.01 &        0.10 &        0.19 &        0.33 &        0.66 \\
        LEV &    22,968 &         2.08 &       2.30 &      -3.67 &        1.30 &        1.68 &        2.39 &       10.52 \\
        GM &    22,968 &         0.21 &       1.16 &      -3.38 &        0.21 &        0.32 &        0.45 &        0.82 \\
        SGV &    22,968 &         3.93 &       8.86 &       0.17 &        0.38 &        0.72 &        2.56 &       45.94 \\
        CON &    22,968 &         0.62 &       0.48 &       0.00 &        0.00 &        1.00 &        1.00 &        1.00 \\
        ROA &    22,968 &        -0.03 &       0.25 &      -0.99 &       -0.07 &        0.03 &        0.09 &        0.32 \\
        ROE &    22,968 &        -0.02 &       0.58 &      -2.13 &       -0.12 &        0.07 &        0.17 &        1.28 \\
        IHLD &    22,968 &         0.19 &       0.13 &       0.00 &        0.09 &        0.17 &        0.27 &        0.52 \\
        AL &    22,968 &         0.24 &       0.43 &       0.00 &        0.00 &        0.00 &        0.00 &        1.00 \\ \midrule
\end{tabular*}


\textbf{Panel B: Sample Representation across Economic Sectors}

\begin{tabular*}{\textwidth}{@{\extracolsep{\fill}}lD..{5.0}D..{2.3}}
    \gmc{1}{l}{\textbf{Sector}} & \gmc{1}{c}{\textbf{N}} & \gmc{1}{c}{\textbf{\% Frequency}} \\\midrule
    Energy & 271 & 1.18\%                       \\
    Materials & 1,785 & 7.77\%                  \\
    Industrials & 4,334   &     18.87\%             \\
    Consumer Discretionary & 3,889  & 16.93\%       \\
    Consumer Staples & 1,440 & 6.27\%       \\
    Health Care & 4,002 & 17.42\%               \\
    Financials & 9 & 0.04\%             \\
    Information Technology & 7,236 & 31.50\%        \\
    Telecommunication Services & 2 & 0.01\% \\
    Utilities & 0 & 0.00\%              \\\midrule
    Total & 22,968 & 100.00\%               \\
    \midrule
\end{tabular*}


\textbf{Panel C: Pearson (Spearman) Pairwise Correlations Above (Below) the Main Diagonal}

\tiny
\begin{tabular*}{\textwidth}{@{\extracolsep{\fill}}lc*{12}{D..{4.2}}}


    \textbf{ }& \gmc{1}{c}{\textbf{CC}}& \gmc{1}{c}{\textbf{LOG MV}}& \gmc{1}{c}{\textbf{LOG AGE}}& \gmc{1}{c}{\textbf{SG}}& \gmc{1}{c}{\textbf{CAP}}& \gmc{1}{c}{\textbf{LEV}}& \gmc{1}{c}{\textbf{GM}}& \gmc{1}{c}{\textbf{SGV}}& \gmc{1}{c}{\textbf{CON}}& \gmc{1}{c}{\textbf{ROA}}& \gmc{1}{c}{\textbf{ROE}}& \gmc{1}{c}{\textbf{IHLD}}& \gmc{1}{c}{\textbf{AL}}\\\midrule
            CC&       1.00&         -0.03&          -0.09&       0.10&       -0.09&       -0.04&      -0.18&        0.08&           0.04&       -0.16&       -0.07&        -0.17&           -0.03\\
         LOGMV&      -0.08&          1.00&           0.22&       0.09&       -0.04&        0.00&       0.01&        0.01&           0.29&        0.19&        0.15&        -0.39&           -0.31\\
        LOGAGE&      -0.11&          0.19&           1.00&      -0.20&        0.03&        0.03&       0.05&       -0.07&           0.32&        0.16&        0.10&         0.05&            0.08\\
            SG&       0.03&          0.15&          -0.17&       1.00&       -0.06&        0.00&      -0.04&        0.05&          -0.08&       -0.01&        0.04&        -0.08&           -0.12\\
           CAP&      -0.16&         -0.04&           0.06&      -0.03&        1.00&        0.08&       0.04&       -0.08&          -0.10&        0.11&        0.06&        -0.03&            0.10\\
           LEV&      -0.13&         -0.02&           0.11&      -0.02&        0.25&        1.00&       0.01&       -0.03&           0.00&        0.02&       -0.04&         0.06&           -0.04\\
            GM&      -0.12&          0.14&          -0.06&       0.10&       -0.25&       -0.24&       1.00&       -0.06&          -0.01&        0.25&        0.13&         0.13&            0.01\\
           SGV&       0.10&         -0.02&          -0.16&       0.08&       -0.13&       -0.13&       0.08&        1.00&          -0.08&       -0.09&       -0.05&        -0.10&           -0.05\\
          CON&       0.04&          0.28&           0.31&      -0.08&       -0.11&        0.02&       0.02&       -0.13&           1.00&       -0.03&        0.00&        -0.20&            0.04\\
           ROA&      -0.14&          0.27&           0.14&       0.30&        0.09&       -0.06&       0.25&       -0.15&          -0.04&        1.00&        0.46&         0.12&           -0.06\\
           ROE&      -0.11&          0.25&           0.14&       0.28&        0.10&        0.00&       0.18&       -0.14&          -0.02&        0.85&        1.00&         0.06&            0.06\\
          IHLD&      -0.18&         -0.39&           0.07&      -0.04&        0.08&        0.20&      -0.10&       -0.15&          -0.19&        0.11&        0.09&         1.00&            0.16\\
            AL&      -0.02&         -0.31&           0.09&      -0.17&        0.09&        0.01&      -0.19&       -0.13&           0.04&       -0.14&       -0.09&         0.16&            1.00\\
 \bottomrule   
    \end{tabular*}  
